ELITE DRIVE AS

8415 SORTLAND

Finances

Share Ownership

Return on Equity

81,79 %

Current Ratio

0,05

Debt-to-Equity Ratio

−0,28

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 994 000	2 169 000	1 794 000	290 000
Net Income	−1 585 000	760 000	187 000	−472 000
Total Assets	330 000	1 294 000	422 000	424 000
Total Equity	−1 938 000	500 000	−261 000	−448 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 994 000	2 169 000	1 794 000	290 000
Expenditure	5 579 000	1 289 000	1 601 000	762 000
Operating Profit	−1 585 000	880 000	192 000	−472 000
Financial Income	0	0	2 000	0
Financial Costs	0	0	7 000	0
Financial Balance	0	0	−5 000	0
Earnings Before Tax	−1 585 000	879 000	187 000	−472 000
Tax	0	119 000	0	0
Net Income	−1 585 000	760 000	187 000	−472 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	236 000	241 000	301 000	233 000
Total Current Assets	94 000	1 053 000	121 000	191 000
Total Assets	330 000	1 294 000	422 000	424 000
Total Retained Equity	−1 962 000	475 000	−285 000	−472 000
Total Equity	−1 938 000	500 000	−261 000	−448 000
Total Long-Term Debt	540 000	493 000	500 000	1 120 000
Total Current Debt	1 728 000	301 000	182 000	−248 000
Total Equity and Debt	330 000	1 294 000	422 000	424 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 949 000	2 169 000	1 794 000	290 000
Other Income	45 000	0	0	0
Revenue	3 994 000	2 169 000	1 794 000	290 000
Cost of Goods Sold	1 103 000	142 000	370 000	521 000
Salary Costs	3 405 000	1 060 000	900 000	154 000
Depreciation	59 000	60 000	2 000	0
Impairment	0	0	0	0
Expenditure	5 579 000	1 289 000	1 601 000	762 000
Operating Profit	−1 585 000	880 000	192 000	−472 000
Financial Income	0	0	2 000	0
Financial Costs	0	0	7 000	0
Financial Balance	0	0	−5 000	0
Dividends	0	0	0	0
Net Income	−1 585 000	760 000	187 000	−472 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	236 000	241 000	301 000	233 000
Total Tangible Assets	236 000	241 000	301 000	233 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	236 000	241 000	301 000	233 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	94 000	93 000	123 000	17 000
Total Current Assets	94 000	1 053 000	121 000	191 000
Total Assets	330 000	1 294 000	422 000	424 000
Total Equity	−1 938 000	500 000	−261 000	−448 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	540 000	493 000	500 000	1 120 000
Creditors	1 257 000	8 000	5 000	−379 000
Unpaid Taxes	197 000	90 000	96 000	35 000
Dividends	0	0	0	0
Other Current Debt	274 000	84 000	81 000	96 000
Total Current Debt	1 728 000	301 000	182 000	−248 000
Total Equity and Debt	330 000	1 294 000	422 000	424 000

Financial indicators	2022	2021	2020	2019
Return on Equity	81,79 %	152 %	−71,65 %	105,36 %
Debt-to-Equity Ratio	−0,28	0,99	−1,92	−2,5
Operating Profit Margin	−39,68 %	40,57 %	10,7 %	−162,76 %
Current Ratio	0,05	3,5	0,66	−0,77
Quick Ratio	0,05	3,5	0,66	−0,77
Equity Ratio	−5,87	0,39	−0,62	−1,06
Gross Profit Margin	72,38 %	93,45 %	79,38 %	−79,66 %